Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-14-Speech-2-313"

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"Mr President, to understand the debate we are holding on the two magnificent reports presented by Mr Trentin and Mr Marinos, we should remember that Maastricht was not just another European Council; it was to all intents and purposes a Council at which two dogmas were enshrined: the dogma of price stability and that of budgetary balance. Lisbon and Barcelona have added a new dogma, a clarification of the doctrine, and point to reform as the only path to salvation, with salvation meaning closing the gap that separates us from the United States. The task of defending the dogma is entrusted to the European Central Bank – the defender of the faith on issues of monetary policy – although, in the fields of budgetary and macroeconomic policy, where the risk of dispersal is greater, it is difficult to know exactly who should play this role. We are currently witnessing a resurrection of misguided and perverse behaviour, and, what is even worse, the emergence of doctrines that seek to justify this kind of perversion; few in the field of monetary policy, but more in the fields of budgetary and macroeconomic policy. Document after document reaffirming these dogmas appear, but they lack coordination and strength. At a time when we are tackling the reform of the Treaties, and now that the Convention is up and running, I would, therefore, say the same thing about these economic guidelines as about the employment guidelines: they should serve to share diagnoses, to establish clear codes of conduct and mechanisms for sanctions or penalties where misguided behaviour occurs. I would also like – and Mrs Randzio-Plath will probably explain this to you – the Commission to continue to be the driving force, to continue to hold the monopoly of initiative and for the principle of qualified majority to be extended, together with that of codecision, to cover most macroeconomic areas. Mr Solbes is no mere altar boy; he is a high priest, and has a fundamental role – that of spearhead, like Saint Vicente Ferrer – in this process of reform."@en1

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